AS - Level Economics (Microeconomics) Flashcards on 2 ~ Demand, created by Tara Pugal on 15/01/2016.
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Created by Tara Pugal
over 8 years ago
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Close
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Created by Tara Pugal
over 8 years ago
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Define demand
Define utility
Define effective demand
Define derived demand
What is an example of derived demand?
What is the law of demand?
What does the demand curve show?
What is the income effect?
As ↓P, a consumers.. (3)
What are some conditions of demand? (6)
What is marginal utility?
What is the law of diminishing returns?
Why is the D curve downward sloping?
What is seasonal D?
What is an example of seasonal D?
What are social factors of D? (3)
What are emotional factors of D? (2)
